News

Boutique Lending Agencies Approving Riskier Mortgages

According to a report by Bloomberg News, although the big banks remain stingy with regard to who they give out mortgages to, many smaller lenders are beginning to take a risk in approving mortgages for people with a less-than-stellar financial

State of Georgia Reprimands Sun West for Employing Convicted Felon

Last month the State of Georgia served Sun West Mortgage Company a cease and desist letter, banning the mortgage company from continuing to provide jobs for its nine convicted felon employees. “Georgia mortgage brokers and mortgage lenders are prohibited from

Feel Good Story: Mortgage Banker Thwarts Bank Robbery – Over the Phone!

A mortgage banker for Primary Residential recently came to the aid of another bank while it was getting robbed – and he did it over the phone! “Our sales Manager Corey Lewis was on the phone with a customer while

Home Prices Spike in Nine States

CoreLogic confirmed on Tuesday that its Home Price Index was up 0.3 percent in August from the month before and up 6.4 percent from the same time last year. In addition, it revealed that housing prices had spiked to new

Crowdsourcing Renovations: New Trend Alert?

With the recent launch of FeatherTheNest.com, individuals can now opt to crowdsource the funding needed to complete renovation projects in their homes. “There isn’t a great way to ask for money,” the site’s founder, Lindsay Oparowski told CNN Money. “I

Refinancing Remains Tough in Current Housing Market

Ben S. Bernanke, former chairman of the Federal Reserve, revealed that attempting to refinance a home loan continues to be so difficult in the current market that even he got turned down from a refi request recently. “I recently tried

Foreclosure Inventory on Pace to Hit New Low

A Mortgage News Daily reports, CoreLogic has found that the trend in foreclosures is a positive one for the real estate market: they’re going down. “The number of foreclosures completed during the last 12 months is at the lowest level

Heidi Klum Looking to Purchase Jon Bon Jovi’s $37.5M NYC Penthouse

Model Heidi Klum has her eyes set on purchasing Jon Bon Jovi’s New York City penthouse, which is located in Manhattan’s SoHo neighborhood and comes with a price tag of $37.5 million. The 7,000-square-foot duplex is located inside the New

California Seeing Diminished Mortgage Borrowing Among Hispanics

Bloomberg News is reporting that the number of Hispanic borrowers in California continues to decline, even more so than any other group in the state. “The interest rates are low, but the prices are so high,” says Jose Ramos, a

Flagstar Bank ‘Drove Borrowers into Foreclosure’

The Consumer Financial Protection Bureau announced on Monday that Flagstar Bank “drove borrowers into foreclosure” by holding back important documents. According to CNN Money, the bank was severely understaffed, and for documents that should have taken just days to file,

By clicking submit, I authorize Rate Fixers and its affiliated companies to: (1) use, sell, and share my information for marketing purposes, including cross-context behavioral advertising, as described in our Terms of Service and Privacy Policy, (2) supplement the information that I provide with additional information lawfully obtained from other sources, like demographic data from public sources, interests inferred from web page views, or other data relevant to what might interest me, like past purchase or location data, (3) contact me or enable others to contact me by email with offers for goods and services from any category at the email address provided, and (4) retain my information while I am engaging with marketing messages that I receive and for a reasonable amount of time thereafter. I understand I can opt out at any time through an email that I receive, or by clicking here.